Transaction Cost

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Transaction Cost

The total cost of a security transaction after commissions, taxes, and other expenses. For example, a security has a price, but transaction costs include the fee one must pay the broker, capital gains taxes, among other things.
References in periodicals archive ?
Individualism, collectivism, and opportunism: A cultural perspective on transaction cost economics [Electronic version], Journal of Management, 28(4), 567-583.
LSCM is truly a multidisciplinary research area, and this multidisciplinarity begins with the five most prominent theories playing a role in LSCM theoretical development since 1991: the resource-based view, transaction cost economics, game theojy, contingency theory, and institutional theory.
Amongst the prominent theories are transaction cost economics theory, theory of core competencies, knowledge based-view theory, resource based-view theory and etc.
In this paper, we answer these questions by applying the conceptual lens of transaction cost economics (TCE) theory to the domain of family business.
Although transaction cost economics and agency theory have constituted solid and unshakeable beliefs upon which the basic principles that guide business management have been built and developed over the last decades, other approaches such as the one supplied by the POS or the stewardship theory show that some important questions are being left out.
This does not suggest that transaction cost economics (TCE) lacks explanatory power.
Later analyses of the firm, such as in Transaction Cost Economics (Williamson, 1967; 1973; 1979), build on Coase's insight but do not generally question his fundamental (but problematic) conjecture of the firm as a hierarchical and authority-based substitute to the market.

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